Stephens Inc. AR Sells 118 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Stephens Inc. AR reduced its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,569 shares of the software maker’s stock after selling 118 shares during the period. Stephens Inc. AR’s holdings in SPS Commerce were worth $289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SPSC. Pathstone Holdings LLC raised its stake in SPS Commerce by 0.3% during the 3rd quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock worth $3,820,000 after buying an additional 54 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in SPS Commerce by 4.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock worth $256,000 after buying an additional 55 shares during the period. Coldstream Capital Management Inc. raised its stake in SPS Commerce by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker’s stock worth $237,000 after buying an additional 58 shares during the period. First Trust Direct Indexing L.P. raised its stake in SPS Commerce by 2.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock worth $449,000 after buying an additional 62 shares during the period. Finally, Signaturefd LLC raised its stake in SPS Commerce by 26.0% during the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after buying an additional 69 shares during the period. 98.96% of the stock is currently owned by institutional investors.

Insider Activity at SPS Commerce

In related news, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the completion of the transaction, the executive vice president now owns 22,570 shares in the company, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total value of $1,682,326.10. Following the transaction, the chief financial officer now owns 147,002 shares of the company’s stock, valued at $26,620,592.18. The trade was a 5.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,230 shares of company stock valued at $6,379,187. 1.00% of the stock is owned by insiders.

SPS Commerce Price Performance

SPSC opened at $146.21 on Monday. The business’s 50-day moving average price is $184.98 and its two-hundred day moving average price is $188.26. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 69.96 and a beta of 0.88. SPS Commerce, Inc. has a 1 year low of $145.90 and a 1 year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. Sell-side analysts anticipate that SPS Commerce, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SPSC shares. Citigroup dropped their price objective on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Northland Securities reaffirmed a “market perform” rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Needham & Company LLC dropped their price objective on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Piper Sandler dropped their price objective on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus dropped their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.